Categories: BUSINESS

Currency watch: Rupee slips to record closing low of 88.35 vs US dollar; strong dollar index, crude gains add pressure

The Indian rupee plummeted to a record low of 88.35 against the US dollar, pressured by ongoing trade tensions between India and the US, continuous foreign fund outflows, and rising crude oil prices. Despite positive domestic equities and diplomatic efforts, the rupee faces headwinds from a stronger dollar and importer demand. Currency
Sumitra

Share
Published by
Sumitra
Tags: CURRENCY
8 months ago

Recent Posts

Drill, sanction, control: Inside the oil economics driving Trump 2.0

US President Trump's second term prioritizes oil, leveraging energy dominance for global influence. Campaign funding…

4 hours ago

RBL Bank net profit up 234% at Rs 230 crore

RBL Bank's net profit surged by a remarkable 234% to Rs 230 crore in the…

4 hours ago

Intel bags big gains! Chipmaker’s shares jump 26% on blockbuster results; how Trump admin benefits

Intel's share price surged dramatically after exceeding first-quarter expectations, driven by strong demand in its…

1 day ago

From apps to arms: Sankaet Pathak and Silicon Valley’s patriotic pivot

1 day ago

Trump’s ‘Gold Card’ visa: One cleared, hundreds await as $1 million residency plan rolls out

The Trump administration's 'Gold Card' visa program, offering US residency for a $1 million fee,…

2 days ago

Global price shock: RBI warns of ‘second-round effects’ amid West Asia tensions

The RBI cautioned about potential second-round effects from the West Asia conflict, where supply shocks…

2 days ago